VTR has hit a new low of $.35 and closed at $.36.   It's time to see how VTR valuation is, given all the oz Au in the ground.......... or maybe it's not relevant anymore??  after reading ALLEN4's posted John Kaiser's interview?

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The following is using 155 millions o/s shares, $20 millions cash, 5,868,000 oz of Au (M&I and inferred as stated in most recent Jan 10, 2013 NR).   This is for Kiaka only.    Nassara, Gaoua and other assets are not taken into account in the maths (like Jennings stated which is worth as much as $78 millions by themselves)..........  So, VTR is trading at around $6/oz........ a far cry from the normality of $50/oz Au in the ground and over $100/oz with BFS and takeover target?!      How time has changed......... when will the market return to normality?

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Share Price ($) MktCap ($) Cash Position ($) Enterprise Value ($) Au (oz) EV/Au ($/oz)
0.81 125,550,000 20,000,000 105,550,000 5,868,000 17.99
0.76 117,800,000 20,000,000 97,800,000 5,868,000 16.67
0.71 110,050,000 20,000,000 90,050,000 5,868,000 15.35
0.66 102,300,000 20,000,000 82,300,000 5,868,000 14.03
0.61 94,550,000 20,000,000 74,550,000 5,868,000 12.70
0.56 86,800,000 20,000,000 66,800,000 5,868,000 11.38
0.51 79,050,000 20,000,000 59,050,000 5,868,000 10.06
0.46 71,300,000 20,000,000 51,300,000 5,868,000 8.74
0.41 63,550,000 20,000,000 43,550,000 5,868,000 7.42
0.36 55,800,000 20,000,000 35,800,000 5,868,000 6.10
0.31 48,050,000 20,000,000 28,050,000 5,868,000 4.78
0.26 40,300,000 20,000,000 20,300,000 5,868,000 3.46
0.21 32,550,000 20,000,000 12,550,000 5,868,000 2.14
0.16 24,800,000 20,000,000 4,800,000 5,868,000 0.82
0.11 17,050,000 20,000,000 -2,950,000 5,868,000 -0.50
0.06 9,300,000 20,000,000 -10,700,000 5,868,000 -1.82
0.01 1,550,000 20,000,000 -18,450,000 5,868,000 -3.14

 

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GLTA